U.S. October consumer sentiment rose 2.8 points to 96.0
U.S. October consumer sentiment rose 2.8 points to 96.0, better than expected, after falling 3.4 ticks to 93.2 in September. It's not quite back to the 98.6 from last October. The index hit a recent low of 89.8 in August, while the 100.0 May figure marked a high back to last September's 100.1. Most of the strength was in the current conditions index which climbed to 113.4 from 108.5. The expectations index improved to 84.8 from 83.4. The 12-month inflation index slowed to 2.5% from 2.8%, the weakest since April, with a 3.0% clip from August 2018 the highest since August 2014. The 5-year index also slipped to 2.2% from 2.4%, with the 2.6% rate seen several times over the past few years the highest since March 2016. The better than expected confidence data adds to the feel-good session on Wall Street.